The California Public Employees’ Retirement System sold about $6 billion of its stakes in private equity funds to second-hand buyers, severing ties with a slew of past managers and freeing up cash for new wagers. The $440 billion public pension fund, the largest in the US, has cycled through four investment chiefs since 2009 and …
Continue reading “Calpers Unloads Record $6 Billion of Private-Equity Stakes at Discount”
https://youtu.be/t7R44Q7qa10 Volatility traders are putting their guard up just as US stocks bounce back, with options signaling the highest level of anxiety since right before the 2020 pandemic crash. The call-put ratio on the Cboe Volatility Index, or VIX, jumped Wednesday to levels unseen for some two and a half years, driven by bets on …
Continue reading “VIX Traders Are Piling Into Bets That Fresh Stock Pain Is Ahead”
LONDON, July 8 (Reuters) – Investors sought shelter in cash and U.S. Treasuries and dumped gold and equities as markets braced for a bumpy ride as central banks raise rates aggressively in the face of slowing economic growth, BoFA Securities said in a weekly note on Friday. Investors squirreled $62.6 billion into cash and $2.4 …
Continue reading “Bonds mired in extreme bearishness – BoFA”
Major stock indexes in the United States rallied at close on Thursday, as S&P 500 ended the trading session higher for the fourth consecutive day, making this its longest winning streak since March 2022. Federal Reserve Bank of St. Louis President James Bullard noted that the country’s economy will be expanding during this year despite …
Continue reading “US surges at close, Dow up almost 350 points”
U.S. gasoline prices are starting to slide, AAA data showed on Wednesday. The average price of a gallon of gasoline in the United States has fallen to $4.779, AAA data shows—a decrease of nearly 9 cents per gallon on the month.According to Gas Buddy’s Patrick De Haan, the downward trend could continue in the coming …
Russian troops bombarded several Ukrainian towns on their way to the city of Sloviansk, the Ukrainian military said on Thursday. According to the Ukrainian military, the Russian forces are being held back, however, the pressure is increasing, as the Russians continue to advance toward both Sloviansk and Bakhmut. Lugansk governor Serhiy Gaidai stated that the …
Russian Foreign Minister Sergey Lavrov said on Wednesday that Moscow intends to continue its military operation in Ukraine until it achieves its objectives. Speaking at a press conference in Hanoi after a meeting with his Vietnamese counterpart Bui Thanh Son, Lavrov accused the Western media of reporting one-sidedly about the war in Ukraine and failing …
Continue reading “Lavrov: Ukraine conflict to go on until Russia achieves goals”
Ray Dalio has hit out at political extremes in the U.S. that don’t respect a rules-based system, and warned that Russia is likely to be the “lesser loser” from the Ukraine war as the economic cost to the West causes NATO support to fracture. The founder of Bridgewater Associates, the world’s largest hedge fund with …
Continue reading “Ray Dalio warns Russia may be ‘lesser loser’ in Ukraine war”
Markets on Wall Street saw a turbulent session on Tuesday, with the Dow Jones shrinking losses and the Nasdaq 100 and the S&P 500 turning positive near the end of the trading day. Investors were also preparing for the release of the highlights of the last meeting of the Federal Open Market Committee, which is …
Continue reading “Dow Jones pares loses as Nasdaq soars over 1.6%”
Oil futures prices continued to tumble, with West Texas Intermediate (WTI) falling below $100 per barrel for the first time since May 11. Fears of a recession appear to indicate that demand for fossil fuels may be reduced further, while the European Union urged an agreement on the Joint Comprehensive Plan of Action (JCPOA) is …
Continue reading “Oil prices plunge, WTI drops below $100 per barrel”